GDP = -3.8%
The advance GDP data was released. I expect the revisions will make this even worse. Real gross domestic product — the output of...
Who is Surprised the Economy Is Bad & Getting Worse?
I am stunned every time people/investors react in “Surprise!” to a bad set of economic data. Hasn’t anyone been paying...
Defaults Rise in Neg Am Loans
The Option Arm loan is causing trouble. The negative amortization loans, which typically see the amount of principal owed rise over the...
Media Appearance: CNBC’s Fast Money (1/29/09)
> Tonite I will be on Fast Money with Dylan Ratigan on CNBC at 5:30pm discussing with the crew on the problems with the Bad Bank idea....
Earnings roundup
Qualcomm missed (31c vs. 47c-expected) Allstate missed (97c vs. 135c-expected) a Starbucks missed (15c vs. 17c-expected) Lam Research...
Monitoring the Housing Market
Delores Conway, real estate economist at the University of Southern California, talks about the state of the housing market with...
New-Home Sales Tumble 45%
This is a brutal number: New Home Sales fell last in December 2008 to the lowest level on record — a seasonally adjusted annual...
Bailout Rate of Return: -1,096%
Time magazine looks at the TARP, and does some quick number crunching. Since the Tarp was jammed through in October, Treasury has...